WAEC Accounting Past Questions & Answers - Page 265

Mark-up on goods sent to branch are recorded in the books by crediting

Payment for shares in installments is done by means of

The class of shares to which payment of dividend depends on profit is

Use the following information to answer the given question

\(\begin{array}{c|c} & Le \\ \hline \text{Cash in hand} & 15,000\\ \text{Balances as at 1st January, 2005:} & \\ \text{Subscriptions in arrears} & 6,000\\ \text{Subscription in advance} & 2,500\\ \text{Subscriptions received} & 18,000\\ \text{Expense for the year} & 6,500\\ \text{Balances as at 31st December, 2005:} & \\ \text{Subscriptions in arrears} & 3,000 \\ \text{Subscriptions in advance} & 1,500\end{array}\)

Accumulated fund at the beginning of the year was

The unit which keeps government's books of accounts is the